Keep up to date with the most recent news in the flooring industry. Today's News...As it happens! We update this news several times a day so you can stay connected.
Irvine, CA, June 13, 2008--The bad news continues to pile up in the housing market as foreclosures in May were up nearly 50 percent compared to a year ago and 7 percent over April, according to tracking firm RealtyTrac Inc.
Washington, DC, June 13, 2008-- The Consumer Price Index rose 4.2 percent through the 12 months ended in May, according to the Labor Department.
Ann Arbor, MI, June 13, 2008--Consumer sentiment continued to tumble, according to the University of Michigan/Reuters Consumer Sentiment Survey.
Washington, DC, June 13, 2008--Business inventories rose a higher than expected 0.5 percent in April, while sales were their strongest since November, according to the Commerce Department.
Lakeland, FL, June 13, 2008--Florida Tile Inc. has named two new distributors for the U.S. market, Viking Distributors and Kaiser Tile.
Cairo, Egypt, June 12, 2008--Egypt-based rug and carpet maker Oriental Weavers sold 941,291 of its own shares to a strategic consortium led by the Saudi-based private equity group Amwal AlKhaleej, the company said.
Washington, DC, June 12, 2008--Retail sales rose 1.0 percent in May as Americans spent more on gasoline and goods, a government report showed Thursday.
Washington, DC, June 12, 2008--The Federal Reserve said that U.S. businesses have had only "mixed results" trying to raise selling prices with the economy still weak.
Washington, DC, June 11, 2008--The National Federation of Independent Business's index of small business optimism fell 2.2 points in May to 89.3, the lowest reading since 1980.
Washington, DC, June 12, 2008--Initial jobless claims for state unemployment benefits surged higher by 25,000 last week.